Silicon carbide (SiC) is emerging as a key material for the next generation of power electronics due to its superior thermal conductivity, higher breakdown voltage, and better switching efficiency. SiC-based power electronics are expected to have a significant impact on the energy sector, reducing power losses and increasing efficiency.

SiC-based power electronics are playing a crucial role in extending the life of electric vehicles. These electronics can handle higher voltage and temperature levels, resulting in reduced losses and improved battery efficiency. This is expected to drive the growth of the SiC market in the automotive industry.